Foreign direct investment increases to $3.60 billion in April

In April 2014, it stood at $1.70 billion, while in March, the foreign direct investment dipped by 40 per cent, according to DIPP data.

Amongst the top 10 sectors, computer software and hardware received the maximum FDI of $709 million in April, followed by automobile ($655 million), trading ($441 million), services ($217 million) and power ($109 million).

During the month, India received the maximum FDI from Singapore ($1.13 billion) followed by Mauritius ($907 million), the US ($392 million) and the Netherlands ($ 374 million).

During financial year 2014-15, foreign fund inflows grew at 27 per cent, year-on-year, to $30.93 billion as against $24.29 billion in 2013-14.

India is estimated to require around $1 trillion investment over five years to overhaul its infrastructure sector, including ports, airports and highways, to boost growth.

The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.